Kuwait picks Foster Wheeler, Amec for refinery, clean fuel projects

The two projects will be implemented simultaneously and are expected to boost the refining capacity of KNPC's parent company, Kuwait Petroleum Corp., to 1.4 million bpd of crude oil and will cost $25 billion.

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By SUMMER SAID

DUBAI -- State-run Kuwait National Petroleum Co., or KNPC, has
awarded engineering firms Amec and Foster Wheeler consultancy
contracts for its new refinery and clean
fuel projects, the official Kuwait News Agency, or
KUNA, reported Tuesday.

The contracts, which were signed earlier Tuesday, allow the
two companies to prepare the bids and technical specifications
for the projects, KUNA said citing a
statement from KNPC.

The Kuwaiti firm has previously said that other tenders for
the construction will be issued by year
end or early 2013.

The two projects will be implemented
simultaneously and are expected to boost the refining capacity of KNPC's parent
company, Kuwait Petroleum Corp., to 1.4 million bpd of
crude oil and will cost about $25 billion, Kuwait's oil
minister Hani Abdulaziz Hussain has previously said.

The new refinery and environmentally-friendly fuel
projects will be completed by 2017 and 2018, respectively.

The refinery will be located in Kuwait's
Al Zour region, while the clean
fuelproject will involve a major upgrade
of existing refineries in Mina Abdullah and Mina Al
Ahmadi.

Dow Jones Newswires

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